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MSF helps recover war-torn hospital in Tigray, Ethiopia

MSF helps recover war-torn hospital in Tigray, Ethiopia

August 17, 2024

BY YANET FANTAYE WOGAYEHU – Médecins Sans Frontières (MSF), the global agency that provides medical assistance to people affected by conflict, epidemics, disasters, or exclusion from healthcare, hands over activities as Abiy…

US supports Ethiopia's leadership, governance program

US supports Ethiopia’s leadership, governance program

August 16, 2024

The United States Embassy in Ethiopia, in partnership with Texas Tech University, The Ohio State University, Oklahoma State University, and the Ethiopian Ministry of Education, hosted a closing ceremony for the Leadership,…

Why USSD mobile banking viable solution for Africa

Why USSD mobile banking is viable solution for Africa

August 10, 2024

With its innovative Engagement Banking Platform (EBP), Backbase has been engaged in providing its services to sure financial institutions deliver seamless and personalized experiences to today’s customers. For 20 years, the Dutch…

Ethiopia to issue forex bureau licenses

Ethiopia to issue forex bureau licenses

August 9, 2024

BY YANET FANTAYE WOGAYEHU – For the first time in the country’s history, the National Bank of Ethiopia (NBE), the financial sector regulatory body of the country, has begun accepting applications from…

UNICEF promotes breastfeeding in Ethiopia

UNICEF promotes breastfeeding in Ethiopia

August 7, 2024

This week, as we observe World Breastfeeding Week under the theme, “Closing the gap: Breastfeeding Support for All”, UNICEF is calling on governments, donors, civil society, and the private sector to step…

Ethiopia devalues its Birr 31 percent

Ethiopia devalues its Birr 31 percent

July 29, 2024

The Government of Ethiopia today announced liberalization of the forex market, which immediately resulted in about 31 percent devaluation of the country’s currency – Birr against major currencies.

IMF approves $3.4 billion for Ethiopia

July 29, 2024

BY YANET FANTAYE WOGAYEHU – The International Monetary Fund (IMF) approved a four-year arrangement under the Extended Credit Facility (ECF) for Ethiopia in an amount equivalent to SDR 2.556 billion (850 percent…

Ethiopia, UAE ink currency swap agreement

Ethiopia, UAE ink currency swap agreement

July 18, 2024

The Central Bank of United Arab Emirates (CBUAE) and the National Bank of Ethiopia (NBE) sign currency swap agreement and MoUs to promote the use of domestic currencies and interlink their payment…